Digital Assets Report

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Recruitment of marketing and fundraising staff across the alternative funds sector, including hedge funds, private equity firms, real estate managers and third-party marketing firms, reached an all-time high in the third quarter of 2016, according to corporate advisory and search firm Contect Jensen Partners (CJP). “Hiring hit an all-time high in the third quarter, with marketing moves up across the board,” says Sasha Jensen (pictured), founder and CEO of Context Jensen Partners. “This demand reflects the continued need for experienced marketing professionals to establish fund flows and raise new capital. As we head into the end of the year, we
CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, has completed the upgrade its settlement members to a new member gateway and market infrastructure (MI) channel. CLS’s settlement members include 66 of the world’s largest financial institutions which are direct participants in CLS.   Over 21,000 third-party clients around the world also access CLS’s services indirectly through settlement members. These include banks, asset managers, hedge funds, non-bank financial institutions and multinational corporations.   CLS worked with each of its settlement members, as well as SWIFT, to build and integrate a new member
In a challenging market environment, investment managers are looking for ways to incorporate the latest research methods and state-of-the-art investment practices to navigate through choppy waters and deliver to investors the best risk-adjusted returns.  Cognisant of this, three years ago Yale SOM partnered with the EDHEC-Risk Institute to create a series of joint executive education seminars centered on Advanced Risk and Investment Management.  The program has been designed by Lionel Martellini, Professor of Finance, EDHEC Business School and Director of EDHEC-Risk Institute and Will Goetzmann, Edwin J Beinecke Professor of Finance and Management Studies, Director of the International Center for Finance,
Asset managers are under pressure to deliver performance and find new sources of alpha in today’s low growth low yield environment. As such, having the right systems in place to support greater asset class diversification that allow managers to pivot their investment strategies, and extend the instrument coverage of those strategies, is a must-have.  As technology advancements improve, it is helping fund managers to run combinations of onshore and offshore strategies, segregated accounts, across the liquidity spectrum with the confidence of having real-time IBOR, liquidity management tools, multi-asset risk and pricing models. Not to mention sophisticated analytics needed to run
Many businesses are failing to fully protect themselves against the most significant financial risks they face, according to a study from Chatham Financial. The 2016 State of Financial Risk Management Study found that only 55 per cent of firms with exposure to currency risk actively manage this risk through the use of financial hedges.   The percentage of firms hedging their commodity and interest rate risk exposures is even lower, with just 49 per cent and 37 per cent, respectively, using derivatives to manage these risks.   The study, which analyses the 2015 financial risk management practices of more than
Hedge funds posted mixed performance to begin the fourth quarter, as US equities weakened amid increasing uncertainty before election day, not just on the presidential-front, but also with regard to the control of Congress and state-level results. Rising market uncertainty resulted in a divergence between top hedge fund firms, which produced strong gains, and smaller firms, which suffered declines.   The HFRI Asset Weighted Composite Index (AWC) posted a gain of 0.6 per cent for October, driven by strong returns in leading Macro funds, while the HFRI Fund Weighted Composite Index (FWC) fell 0.6 per cent for the month, bringing
Calamos Investments has appointed R Matthew Freund as co-chief investment officer, head of fixed income strategies, to spearhead the firm's further expansion into fixed income, credit and alternative products. Freund (pictured) joins Calamos from USAA Investments, where he was chief investment officer of USAA Investments, leading the teams responsible for the portfolio management of USAA's mutual funds and affiliated portfolios, including P&C and life insurance products, and overseeing more than USD140 billion in assets.     John P Calamos, Sr, founder, chairman and global chief investment officer, says: "Matt adds a depth of experience to the firm in a new
By Fiona Le Poidevin (pictured), CEO, Channel Islands Securities Exchange (CISE) – International developments such as the EU’s Alternative Investment Fund Managers Directive (AIFMD) and the OECD’s Base Erosion and Profit Shifting (BEPS) initiative are placing increased focus on the substance of investment structures.  Asset management groups are still dealing with the implications and in doing so, they should consider how they can demonstrate additional substance by listing on the Channel Islands Securities Exchange (CISE).  We offer a fully regulated marketplace from our offices in Guernsey and Jersey, which are within the European time zone but outside of the EU. Today,
Fund governance firm DMS Governance has expanded its US business with the appointment of William H Woolverton, former senior managing director and general counsel at Gottex Fund Management, in its New York office. Woolverton (pictured), who will serve as managing director – US and head of US legal, has experience working on fund governance and administration issues with a particular emphasis on managing legal and compliance issues for a wide variety of public and private investment funds.    He has also worked with boards of directors and CEOs of investment management firms on governance best practices and day to day corporate
Broad geopolitical risks, including the outcome of the US presidential election and Britain’s exit from the EU, are among top risks facing the global financial system, according to a survey by The Depository Trust & Clearing Corporation (DTCC). Other geopolitical risks that were mentioned include instability in the Middle East, the impact of the ongoing refugee crisis across Europe, and the influence of Russia and China on global relations and the world economy.   Respondents highlighted the unpredictable nature of world events, citing the potential for sudden escalation that could cause global market volatility and instability.   Cyber risk remained

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